What Is the Average Cost of Living in New Hampshire in 2025?

Considering a move to New Hampshire? With its scenic beauty, strong local economies, and charming cities like Manchester and Nashua, the state’s appeal is undeniable. However, understanding the average cost of living in New Hampshire is essential before making the leap.

In 2025, New Hampshire’s cost of living index stands at 112.6—about 13% above the national average. It’s more affordable than Massachusetts but slightly pricier than Maine or Rhode Island, aligning with New England’s overall higher living costs. Therefore, knowing what to expect in expenses is key.

Understanding the Average Cost of Living in New Hampshire

To live comfortably in New Hampshire, a household typically needs to earn around $95,600 annually. This reflects the state’s high housing costs, which remain the biggest driver of expenses.

Here’s how your monthly budget might look:

• Housing (rent/mortgage): $1,800 to $2,000+, depending on location
• Utilities: About $400, with electricity and internet as major contributors
• Groceries: Roughly $960 per month, lower than in Massachusetts but above the national average
• Transportation: Fuel costs around $3.50/gallon with transit passes near $70
• Healthcare and Childcare: Above national averages, typical for New England

Meanwhile, different regions, like the economic hubs of Manchester or Nashua, come with variations in these expenses. Additionally, considering local taxes and community services is important when evaluating overall living expenses.

Housing and Rental Market in New Hampshire

New Hampshire’s housing market is the biggest affordability challenge residents face. For instance:

• The average rent for a 1-bedroom apartment is $1,853/month, ranking 7th highest nationally.
• Median single-family home prices are about $565,000 as of June 2025, marking a 4.6% increase year-over-year.

Here’s how New Hampshire stacks up against peer states:

• Vs. Massachusetts: New Hampshire homes cost about 85% of Massachusetts’ median of $666,125.
• Vs. Vermont and Maine: NH home prices are 25% to 60% higher.
• Vs. Minnesota and Colorado: NH housing remains significantly more expensive (Minnesota median $344,484; Colorado about $540,000).

Within NH, urban centers like Manchester and Nashua see higher rental and purchase prices due to stronger economies. On the other hand, rural areas offer more affordable housing options.

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Utilities and Other Living Expenses in New Hampshire

Utility bills are an important part of monthly expenses in New Hampshire.

The average monthly utility cost is around $401, including electricity ($125), gas ($108), internet ($140), and water ($28). This places NH above Vermont’s $357 but below Massachusetts’ $440.

Other significant expenses include:

• Groceries: About $239 per week, less than in Massachusetts but slightly above in Maine and Minnesota.
• Transportation: Fuel prices average $3.50 per gallon, with transit passes costing about $70 a month.
• Healthcare: Spending is moderately above national medians, reflecting regional insurance premiums and out-of-pocket costs.

Therefore, utilities and living costs keep New Hampshire competitive with its New England neighbors.

Income and Job Market in New Hampshire

The median household income in New Hampshire is around $95,628, which is above the US average.

However, the elevated cost of living means salaries must keep pace to maintain a comfortable lifestyle.

Compared to peer states:

• NH income outpaces places like Minnesota and Vermont.
• Yet, higher living expenses create pressure on many households.

Local economies in regions such as Concord and Keene offer diverse opportunities. Meanwhile, income levels and costs vary across regions.

Is It Worth Living in New Hampshire?

New Hampshire offers a high quality of life with access to amenities, safety, and beautiful natural spaces. The state’s moderate costs compared to Massachusetts, plus higher salaries, appeal to many professionals and families.

However, housing affordability is the largest hurdle. Therefore, careful budgeting is essential. For those valuing safety, schools, and lifestyle, New Hampshire is an excellent choice.

Regional Insights and Relocation Tips

• Manchester and Nashua: Higher costs but greater job opportunities.
• Rural Counties: More affordable housing and a slower pace.
• Concord: Balanced government jobs with good amenities.

New residents should:

1. Research local housing markets carefully.
2. Factor in utilities and childcare costs.
3. Explore transportation options.

This targeted approach helps align the budget with lifestyle needs.

Final Thought on New Hampshire’s Average Cost of Living

In 2025, the average cost of living in New Hampshire remains higher than the national average but reflects typical New England expenses. Housing remains the biggest challenge, with prices well above neighboring Maine and Vermont but below Massachusetts.

Utilities and living costs sit near regional norms, supported by above-average incomes. Overall, New Hampshire balances desirable lifestyle benefits with higher costs, calling for smart financial planning—particularly around housing and childcare.

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FAQs About New Hampshire’s Average Cost of Living